Latest headlines from leading Indian newspapers covering energy, environment, economy, and policy aspects.
The lenders of Bhushan Power and Steel have claimed that JSW Steel is using the ongoing investigation by the Enforcement Directorate to delay the implementation of the resolution plan approved by the NCLT.
Category : Iron and Steel
read moreTata Steel has set its sights on becoming a leader in digital steelmaking by 2025.In the process, it expects to achieve EBITDA improvements of $2 billion, enhance its digital maturity and improve business practices.
Category : Iron and Steel
read moreContrary to general belief, JSW Steel has expressed its willingness to close the Bhushan Power and Steel Ltd (BPSL) deal as soon as the Supreme Court pronounces its verdict and has not sought any additional time to pay the proceeds.
Category : Iron and Steel
read moreOperating margins of primary steel companies are set to decline by two percentage points to 15 per cent this fiscal on back of lower sales volume and realisation.However, steel companies are better off than in the previous downturn faced in FY’16 due to levy of anti-dumping duty and resolution of stressed assets helping to shore up debt metrics.
Category : Iron and Steel
read moreThere is a need to set up a nodal ministry for the material recycling industry for better regulation and growth, Niti Aayog CEO Amitabh Kant said on Wednesday. The industry mainly comprises metal, plastic, paper, tyre and e-waste recycling.
Category : Pulp and Paper
read moreThe domestic paper industry has urged the government to include paper in the list of essential services exempted from the lockdown. In a communication to the Centre, the Indian Paper Manufacturers Association (IPMA) said that paper, in its different forms, is an integral part of the daily lives of people and should be included in the list of essential services.
Category : Pulp and Paper
read moreJSW Steel’s Rs.19,700-crore bid to acquire Bhushan Power and Steel Ltd (BPSL) is in trouble, as the Enforcement Directorate (ED) has filed a fresh plea in the Supreme Court to scrap the sale, finalised under the Insolvency and Bankruptcy Code (IBC). The ED has argued that the National Company Law Appellate Tribunal (NCLT) has no jurisdiction to unfreeze and approve the sale of an asset attached by the investigating agency.
Category : Iron and Steel
read moreIndia has adequate steel production capability but still lags in consumption, according to Steel Minister Dharmendra Pradhan “We have significantly increased our steel production capacity.“We have significantly increased our steel production capacity.
Category : Iron and Steel
read moreThe government is already aware of the disruptions which have been caused by the outbreak of the pandemic and accordingly various relaxations have been given to the players across the sectors.
Category : Iron and Steel
read moreThe government on Saturday said it is in the process to engage a consultancy firm to draw an action plan for revival of the domestic steel sector. Besides, the sector's stakeholders can also provide their suggestions to deal with the issues emerged in the sector post COVID-19 outbreak, Minister of State for Steel Faggan Singh Kulaste said in a webinar.
Category : Iron and Steel
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